A Monopoly Arises for Two Key Reasons,which Are

question 93

Multiple Choice

A monopoly arises for two key reasons,which are

• A)barriers to entry and no close substitutes.
• B)franchises and barriers to entry.
• C)barriers to entry and close substitutes.
• D)close substitutes and no barriers to entry.
• E)natural and legal

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Definitions:

Meaning

The significance or interpretation of something, such as a word, phrase, or concept.

Voided

Typically refers to the process of expelling urine from the bladder; in medical contexts, it pertains to urine elimination.

Urine

A liquid by-product of metabolism in humans and many animals, excreted by the kidneys and stored in the bladder until elimination.

Serum Protein

Proteins present in blood serum, which include antibodies, albumin, and other globulins, playing roles in clotting, immune system function, and other processes.